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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2011
<br />Less accumulated depreciation for:
<br />Land Improvements
<br />Vehicles
<br />Equipment
<br />Buildings
<br />Building Improvements
<br />Total Accumulated Depreciation
<br />Total Capital assets, being depreciated, net
<br />Beginning
<br />Beginning
<br />Ending
<br />Balance
<br />Increases Decreases
<br />Transfers Balance
<br />421,372
<br />76,374 -
<br />- 497,746
<br />1,095,555
<br />268,173 (14,915)
<br />- 1,348,813
<br />148,806
<br />23,784 -
<br />- 172,590
<br />146,845
<br />32,604 -
<br />- 179,449
<br />1,250
<br />137 -
<br />- 1,387
<br />1,813,828
<br />401,072 (14,915)
<br />- 2,199,985
<br />3,342,394
<br />(207,086) -
<br />- 3,135,308
<br />Proprietary Capital assets, net $ 4,048,802 $ (70,370) $ - $ - $ 3,978,432
<br />Business -type activities:
<br />Solid Waste $ 377,332
<br />Accumulated Depreciation of asset transferred from Governmental Activites 23,740
<br />Total depreciation expense - business -type activities $ 401.072
<br />2. Construction commitments
<br />The government has active construction projects as of June 30, 2011. The projects include the construction of
<br />the Jail Housing Unit, construction of four schools, renovation /addition at a school and expansion at the Landfill.
<br />At year -end, the government's commitments with contractors are as follows:
<br />Project Spent -To -Date Remaining
<br />Commitment
<br />Schools $ 26,482,127 $ 920,399
<br />Board of Elections Renovation 596,783 581,251
<br />Arena Storage Facility 403,525 260,635
<br />$ 27,482,435 $ 1,762,285
<br />3. Discretely presented component unit
<br />Capital asset activity for Cabarrus Health Alliance for the year ended June 30, 2011, was as follows
<br />Beginning
<br />Ending
<br />Balance
<br />Increases Decreases
<br />Transfers
<br />Balance
<br />Governmental Activities:
<br />Capital assets, not being depreciated:
<br />Land
<br />$ 239,228
<br />$ - $(239,228)
<br />$ - $
<br />-
<br />Construction in Progress
<br />818,066
<br />- (531,552)
<br />(286,514)
<br />-
<br />Total capital assets not being depreciated
<br />1,057,294
<br />- (770,780)
<br />(286,514)
<br />-
<br />Capital assets, being depreciated:
<br />Furniture and fixtures
<br />168,486
<br />- -
<br />-
<br />168,486
<br />Vehicles
<br />478,077
<br />- -
<br />-
<br />478,077
<br />Equipment
<br />532,970
<br />71,140 (103,965)
<br />286,514
<br />786,659
<br />Land Improvements
<br />600,505
<br />- -
<br />-
<br />600,505
<br />Total capital assets being depreciated
<br />1,780,038
<br />71,140 (103,965)
<br />286,514
<br />2,033,727
<br />54
<br />Attachment
<br />number 1
<br />1 -3
<br />Page 176
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